Best Monaco Betting Sites

The 1987 ‘Law 1103’ relating to games of chance is the only ever piece of legislation around Monaco gambling. The act itself states that ‘‘it does not apply to lotteries, mutual bets or prediction contests,’’ thus leaving sports betting unregulated. The only area that the law covers is that of land-based casinos, where ironically enough, locals cannot enter.

However, 80% of the population here are foreign nationals anyway. The Games Control Service is the regulator under the supervision of the Ministry of Finance. In 2001, a draft bill constituted the only effort so far to regulate...

The 1987 ‘Law 1103’ relating to games of chance is the only ever piece of legislation around Monaco gambling. The act itself states that ‘‘it does not apply to lotteries, mutual bets or prediction contests,’’ thus leaving sports betting unregulated. The only area that the law covers is that of land-based casinos, where ironically enough, locals cannot enter.

However, 80% of the population here are foreign nationals anyway. The Games Control Service is the regulator under the supervision of the Ministry of Finance. In 2001, a draft bill constituted the only effort so far to regulate online gambling, but it didn’t get approved.

Online betting is still under no legal framework, meaning that local punters can access any bookmaker they wish, facing no restrictions or fines. The national lottery of Monaco got banned back in 1867, except for lotteries in the field of arts sponsoring and charities.

Participating in the French lottery, as well as in online lotteries (i.e. EuroMillions), is the only gambling option for locals, apart from betting on international sportsbooks. Moreover, there is no tax model in place for bookmakers, nor land-based or online, since there is no regulating body or legal framework to define it.